Darwin Wealth Management LLC Makes New $100,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Darwin Wealth Management LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,187 shares of the utilities provider’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legal & General Group Plc raised its position in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after acquiring an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares in the last quarter. Raymond James & Associates increased its position in shares of NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after buying an additional 851,873 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after buying an additional 409,708 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Trading Down 0.3 %

NEE opened at $76.87 on Thursday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $158.08 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $77.64.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.